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According to the March 2009 Case-Shiller Index report, home prices are down by nearly 19 percent nationwide. Or, at least, that's the story the press is running with. It makes for good headlines, but the data can be misleading to the average homebuyer in Cincinnati or Chicago or elsewhere. Home...

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Each quarter, in a survey of its member banks, the Federal Reserve asks senior loan officers whether their respective prime residential mortgage guidelines have tightened over the 3 months prior. May's survey showed that half of all banks had tightened.

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I'm on blogging leave for the rest of the week. For mortgage questions on your purchase or refinance, email me anytime. My contact information is at right. In the meanwhile, keep yourself entertained with Strongbad.

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The 5-to-10 Properties Financed program is proving to be a bust. Despite Fannie Mae's explicit endorsement of investor loans -- mortgage lenders are keeping the investor-friendly program off their books. Well, most of them anyway.

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Are mortgage rates going up? Are mortgage rates going down? I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey may have your answers.
The Bankrate.com survey is for conforming mortgages. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages,...

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This is a test.

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The Pareto Principle is one of the more interesting theories of statistics and inequality. Often called the 80/20 Rule, it states that 80 percent of the effects come from 20 percent of the causes. According to RealtyTrac.com's April 2009 data, the theory carries over in real estate, too. 11...

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The Federal Reserve's Agency MBS Program introduces massive amounts of demand for mortgage-backed bonds over a short period of time, creating a buy-side imbalance that leads bond prices higher and bond yields lower. It's possible the Fed could expand the program, bringing mortgage rates down to the...

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The monthly chart above shows average conforming, 30-year fixed mortgage rates since 2006. Notice the pattern.
Beginning near the start of May of each year, mortgage rates embark upon a multi-month climb before peaking in late-July or early-August.  Then, into the New Year, mortgage rates...

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Are mortgage rates going up?  Are mortgage rates going down?  I am a regular participant in the Bankrate.com Mortgage Rate Trend survey and this week's survey may have your answers.
The Bankrate.com survey is for conforming mortgages.  It does not apply to FHA mortgages, VA mortgages, jumbo...

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